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BINARY OPTIONS TRADING TODAY

EUR/USD 1.07698 08:10 06.12
FTSE F-DEC16 6745.750 08:00 06.12
USD/RUB 63.806 08:00 06.12
USD/CHF 1.00590 08:00 06.12
OIL-FEB17 (BRENT) 54.685 08:00 06.12
COPPER-NOV16 2.6553 08:00 06.12
NZD/CHF 0.71775 08:00 06.12
CAD/CHF 0.75864 08:00 06.12
NZD/USD 0.71357 08:00 06.12
EUR/AUD 1.44544 08:00 06.12
CAD/JPY 85.854 08:00 06.12
AUD/USD 0.74454 08:00 06.12
AUD/JPY 84.756 08:00 06.12
GBP/USD 1.27552 08:00 06.12
VTB BANK 0.068930 08:00 06.12
TENCENT HOLDINGS 190.150 08:00 06.12
ROSNEFT' 350.875 08:00 06.12
GOLD VS SILVER 69.8109 08:00 06.12
EUR/GBP 0.84379 08:00 06.12
OIL-JAN17(WTI CRUDE) 51.435 08:00 06.12
SILVER 16.805 08:00 06.12
GOLD/EUR 1090.185 08:00 06.12
GOLD 1173.311 08:00 06.12
NASDAQ F-DEC16 4779.125 08:00 06.12
GOLD VS OIL 21.4558 08:00 06.12
USD/CAD 1.32590 08:00 06.12
S.BANK INDIA 259.675 08:00 06.12
AXIS BANK 460.725 08:00 06.12
TATA STEEL 414.100 08:00 06.12
TATA MOTORS 443.150 08:00 06.12
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Friday’s trading session ended in positive territory and it looks like international markets are taking their cue from the way things have been developing in the US. Asian shares this morning are heading higher, much in the same fashion they did last week when the NIKKEI closer a week of gains more than 7% higher. Although this morning, the NIKKEI is only up 0.05% and had moments in the red, other Asian markets are storming higher. Most binary options traders tend to completely avoid indices like the Hang Seng, but after the move this morning of over 2.34% and above resistance at 23500, binary traders may want to take a renewed look.
 

The underlying factors pushing Asian index prices higher are the US’s lack of tapering of the stimulus program and China’s reforms. The Chinese Communist Party keyed in world markets to a very surprising series of economic reforms late last week. The basic idea behind said reforms was to make the market a more significant source of direction. In fact, they stated that they would literally allow the market to play a “decisive” role in the economy, something that would simply be unfathomable just a few short years ago.

 

No major news is expected for the day ahead and as such, charts will be the primary focus for traders. After all, the forex pairs have been making some interesting moves. For example, the EUR/USD, which recently broke past the 1.35 level and is looking north, has an increased volatility index reading. Although only trading near 1.3505 and surely not a massive break, it’s still a move to keep in mind today as things progress.

 

However, we must admit that the current patterns on the daily and hourly charts for the EUR/USD aren’t very bullish despite the move higher by the EUR/USD. Although we do believe there is still more upside pressure, the momentum indicators aren’t very amenable to the current trend and this makes us worry that the move will stall.

The only things working for the EUR/USD to the upside at the moment are the current trend itself as well as the increased risk appetite surrounding the markets. With a weaker dollar, it is also expected that the USD based assets like stocks will increase in value today. However, don’t expect such a move on commodities. They are left outside this equation at least in the case of Oil.

 

Oil prices are already considered “overbought” by most analysts and from a technical perspective, things look rather capped at the moment.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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